Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million
News

Autonomous vehicle startup Drive.ai is shutting down after raising more than $77 million in the past four years, according to a state regulatory filing. The news was firstly announced by the San Francisco Chronicle on Tuesday, and as mentioned in the WARN documents filed with the Employment Development Department of California, Drive.ai will close down their Mountain […]

Billionaire Mark Cuban has poured $1 million into artificial intelligence (AI) startup Hala Systems, a company helping to save lives in war-torn regions including Aleppo. The new investment will allow the startup to improve their “early warning system” that alerts Syrian civilians when an airstrike has been launched as well as making plans to expand […]

Quantum computing startup Xanadu has raised $32-million from investors in Canada and the United States to build the world’s most powerful computer. The Series A round brings Xanadu’s total investment to date to $41 million, and it was led by OMERS Ventures with participation from Georgian Partners, Radical Ventures, Real Ventures, Silicon Valley Bank and Tim Draper.  […]

Retail giant Walmart is using artificial intelligence-powered cameras to reduce checkout theft, Business Insider has reported. When the cameras notice a potential issue with a transaction, the program warns checkout attendants so they can intervene. The new technology, provided by machine-vision firm Everseen, is being deployed in more than 1,000 US stores and is part […]

Blackstone CEO Stephen Schwarzman has donated 150 million pounds ($188.6 million) to Oxford University to create a new institute that will study the ethical implications of artificial intelligence (AI). The American millionaire said he wants the funds to also go towards building a centre to house all of the institution’s humanities subjects in a single […]

Enterprise communication intelligence platform re:infer has been nominated the ‘Best Artificial Intelligence startup’ at The AIconics, an awards event celebrating innovation in the international AI Community. re:infer won the award against more than 800 companies across 12 categories and 40 countries. “With over 800 entries from around the world the 4th annual edition of The […]

French-American start-up Owkin would be reportedly discussing with a number of London hospitals to trial its artificial intelligence system aimed at studying clinical data to help develop more effective drugs, according to the Telegraph. The New-York based company uses a machine learning algorithm to identify biomarkers associated with cancer. They have recently helped to discover targets for […]

Intel Corp has announced on Sunday a new program in Tel Aviv to assist start-ups in developing artificial intelligence (AI) and autonomous systems. The program, called Ignite, will be headed by Tzahi Weisfeld, former global head of Microsoft for Startups and will see Intel provide 10 to 15 start-ups with a 20-week business and technical […]

Artificial intelligence would be superior to humans in diagnosing pigmented skin lesions, according to a new study led by experts at the Medical University of Vienna. Published in The Lancet Oncology journal on Tuesday, the study examined the results of tests where 511 physicians competed against 139 computer algorithms. The AI was trained on a database […]

The UK government has announced an investment of up to £18.5 million to support diversity in artificial intelligence (AI) and data science roles. Of these funds, £13.5 million will be poured in 1000 scholarships for people from underrepresented groups as well as funding 2500 artificial intelligence and data science conversion degrees. The remaining £5 million […]

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